Mississippi 2023 Regular Session

Mississippi Senate Bill SB2940

Introduced

1/27/23

Refer

1/27/23

Failed

2/22/23

Caption

General Funds; FY2024 appropriation to Lee County for Turner Industrial Park site expansion.

Impact

The bill also allows for any excess funds, beyond what is needed for the property acquisition, to be redirected towards road and stormwater improvements either within the existing industrial site or the newly acquired area. This provision suggests a dual focus on enhancing both infrastructure and industrial capacity, which could encourage business growth and attract new enterprises to the region, ultimately aiming to boost local economic development.

Summary

Senate Bill 2940 is a legislative act designed to allocate funds from the Mississippi State General Fund to the Lee County Board of Supervisors. The primary purpose of this bill is to cover expenses related to the acquisition of real property adjacent to the Turner Industrial Park, which is targeted for expansion. The bill provides a total appropriation of $6,000,000 for the fiscal year 2024 to facilitate not only the acquisition but also improvements associated with rail spurs to enhance transportation efficiency for the industrial park.

Contention

While the text of the bill does not explicitly outline areas of contention, it is common for such appropriations to face scrutiny regarding funding allocation priorities, especially in a state where budgetary constraints can affect various sectors. Stakeholders may raise questions about the effectiveness of spending $6,000,000 on a specific project, considering other pressing community needs. There may also be discussions on the potential for this funding to stimulate job creation and economic activity versus any risks of mismanagement or allocation to projects that do not meet local needs.

Latest MS SB2940 Activity

View All Events: MS 2023 Regular Session SB2940

Companion Bills

No companion bills found.

Previously Filed As

MS SB3314

General Fund; FY2027 appropriation to Bolivar County for the Terrene Landing River Park expansion project.

MS SB3233

General Fund; FY2026 appropriation to Mississippi Industries for the Blind for capital improvements to its facilities and parking lot.

MS SB3076

General Fund; FY2026 appropriation to the Town of Walnut for infrastructure improvements to Industrial Road.

MS SB3366

General Fund; FY2027 appropriation to the Town of Walnut for infrastructure improvements to Industrial Road.

MS SB3251

General Fund; FY2026 appropriation to Scott County for the acquisition of the county development site.

MS SB3373

General Fund; FY2027 appropriation the City of Louisville for industrial development projects.

MS SB3156

General Fund; FY2026 appropriation to the Smith County School District for expansion of its Career and Technical Education Center.

MS SB3081

General Fund; FY2026 appropriation to the MDCC for expansion of the law enforcement training academy.

MS SB3241

General Fund; FY2027 appropriation to the MDCC for expansion of the law enforcement training academy.

MS SB3161

General Fund; FY2027 appropriation to the Town of Pickens for the purchase of industrial equipment and a service vehicle.

Similar Bills

MD SB282

Budget Bill (Fiscal Year 2027)

MD HB390

Budget Bill (Fiscal Year 2027)

MD HB0390

Budget Bill (Fiscal Year 2027)

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

PA HB1330

To provide appropriations from the General Fund for the expenses of certain agencies of the Executive Department for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.

PA SB160

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

PA SB1220

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026.